H4: The balance of power on the chart has not changed. The currency pair continues to move within a wide horizontal channel (3/8 – 5/8). Today, we expect further trading to develop within this horizontal range. The boundaries of the sideways movement represent strong support and resistance areas, while the (4/8) level is no longer influencing the price.

Trading decision: BUY 1.1660 SL 1.1640 TP 1.1780.